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Payday loans in Oklahoma City, Oklahoma

Learn about the fees and restrictions around payday lending in Oklahoma City.


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Editor's choice: OppLoans Installment Loans

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Anyone can get in a tight financial spot. If you’re considering a payday loan, take the time to read over Oklahoma’s regulations so you know exactly how much you can borrow — and how much a lender can charge you.

Can I get a payday loan in Oklahoma City?

Yes, payday lending is legal in Oklahoma City under Oklahoma Statutes Title 3101 et seq. Under this, you can borrow up to $500 with a term between 12 to 45 days. In addition, Oklahoma allows you to have up to two outstanding loans at any given time.

The financing fee a lender is legally able to charge depends on how much you borrow. For amounts less than $300, there is a financing fee of $15 per $100 borrowed. For amounts between $301 and $500, there is a fee of $10 per $100 borrowed. This means a loan of $500 will have a financing fee of $65. That’s $45 for the first $300 and $20 for the last $200. Of course, this amount doesn’t include any database fees or extra charges, so be sure to read the fine print of your contract before you sign.

A list of online lenders that offer payday loans in OKC

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
CreditLend connection service
Varies by lender
Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief
Find a line of credit — even if you don't have a perfect score.
 Check Into Cash Installment Loans
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

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What do I need to apply?

Before starting an application, you’ll need to have a steady source of income, be at least 18 years old and be a US citizen or permanent resident. Most lenders also require you have a regular checking account, though this varies from lender to lender.

When you’re ready to apply, you’ll have to provide some of your personal information. This includes:

  • Your name, date of birth, Social Security number and contact information
  • Your employment information, including your gross monthly income
  • Your bank account details if you decide to apply online

Where to find short-term loan locations in OKC

Short-term loan locations near me in Oklahoma City, OK

  • A-1 Loan Company. 331 NW 4th St, Oklahoma City, OK 73102
  • AAA Loan Service. 3401 S Western Ave # B, Oklahoma City, OK 73109
  • ACE Cash Express. 1425 SW 59th St, Oklahoma City, OK 73119
  • Advance America. 838 NW 12th St, Oklahoma City, OK 73160
  • Approved Cash. 7406 S Walker Ave, Oklahoma City, OK 73139
  • Cashland. 3013 SW 29th St, Oklahoma City, OK 73119
  • Check Into Cash. 432 SW 59th St #200, Oklahoma City, OK 73139
  • Check ‘n Go. 12233 N Pennsylvania Ave, Oklahoma City, OK 73120
  • EZ Money Payday & Title Loans. 4408 S Pennsylvania Ave, Oklahoma City, OK 73119
  • National Quik Cash. Britton Square, N May Ave & W Britton Rd, Oklahoma City, OK 73120

Must read: Be cautious of short terms

Although payday loans can legally last up to 45 days, the 12-day minimum may be a problem for some borrowers. This is because quick turn around, coupled with high fees, makes it difficult for many people to come up with the money needed to repay a loan. When discussing terms with your lender, push for a longer loan term — this can make it easier to budget for your repayment and avoid default.

If your lender won’t offer you the term you need, or if you don’t think you can afford the high cost, you may want to look into some payday loan alternatives instead.

What are my other short-term loan options in OKC?

In addition to payday loans, you’ll also find lenders that offer installment loans. These are regulated differently than payday loans. You can borrow up to $50,000, and terms last 60 days to 49 months. In addition, costs are much lower — the highest APR you’ll receive on any installment loan is 27%.

If you were hoping to get a car title loan in Oklahoma, you’re out of luck. Because of the risks that come with defaulting — namely the repossession of your car — Oklahoma has banned lenders from offering this type of short-term loan to residents of the state.

Bottom line

Oklahoma has struck a fine balance between regulations that protect the borrower and regulations that allow businesses to make money. Because of this, you’ll have quite a few options when you compare payday loans throughout the state.

However, it’s still important that you understand how payday loans work so you can make the right decision for your finances.

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